Bitcoin Core Release With Segregated Witness Support Is Launched

Published on31 Oct. 2016

At the end of the last week the release of the new software for Bitcoin Core version 0.13.1 with the support of Segregated Witness was launched. This was announced on the official resource bitcoin.org. The release is aimed at implementing support for the future code update.

Preparation for Implementation

Earlier, one of the Bitcoin Core developers, Peter Weller, informed that on November, 15, the voting among miners is planned to be carried out to define the level of their support of the new technology. This technology practically will help to increase the capacity of Bitcoin network. SegWit will remove signatures from the main Bitcoin block and shift them into the new place in database, which is actually Segregated Witness. This way, the number of data recorded into the block during every transaction will be reduced by one third. In addition, the speed of block processing by the client will be increased which will promote faster synchronization with a main blockchain.

Except direct effects of this update, there are additional ones. For example, SegWit can become the basis for other solutions of Bitcoin network scalability, particularly for Lightning Network – the protocol that allows to fulfill almost immediate monetary transfers between Bitcoin users directly, passing through the main blockchain on the intermediate stages. This technology is developed by Blockstream, which includes several developers of Bitcoin Core.

Changes That Already Happened

In this version, the support of Windows XP is finished in connection with the fact that Microsoft itself stopped the technical support of this product two years ago. Windows XP users are recommended to update their OS to more recent versions. The users of old versions of OS X, up to 10.7 also lost the support.

The weaknesses of functioning RPS and other API were fixed, the policy of block and transaction processing, including the network protocol of block transportation, and bugs of graphical shell were fixed as well, some slight changes in the documentation were made. The improved support of ARM architecture was added.

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